Cormier & Rea announce additional office at 483 Summer St, Ste 2000, Arlington, MA
Blog posts concerning Federal Income Tax tips, changes, updates, news and more
Those interested in comparing and contrasting the tax proposals of presidential nominees Barrack Obama (D) and John McCain (R) are advised to consult several thorough analyses, from the Tax Policy Center, a joint venture of two well-respected Washington think tanks, and the Tax Foundation (another non-partisan tax policy/research shop)…
It is not too late to review the Summer editions of the individual & small business newsletters. To see them now click below. Tax Tips Newsletter For individuals Tax Tips Newsletter for Small Businesses In the future click>Client tools>Tax tips newsletters
The IRS has developed Fact Sheet 2008-23 that helps explain when an activity is a hobby or a for profit business. Section 183 limits deductions that can be claimed when an activity is not engaged in for profit. Taxpayers may need a clearer understanding of what constitutes an activity engaged in for profit and the …
On July 30, the president signed into law HR 3221, a bill that many consider the most significant piece of housing legislation in a generation. The bill (well, now law) overhauls Fannie Mae and Freddie Mac oversight and is expected to help stabilize the nation’s housing market. The law includes a sizable tax title. There is …